@Mark Gliebe Hey Mark, You shouldn't just go on the Cap and Purchase Price because Cap Rates are dynamistic in nature and frankly subjective by market and asset class.

Hopefully this post will shed some light in benefits others have taken advantage of!

Cash flow keeps the lights on.

I'd always be naturally wary of moving any asset into California because of the "California Clawback" which allows CA to track any asset that goes back from CA to any place else via a 1031. 

You put up the down payment and take care of the mortgage (with help from roommates), they would just share ultimate responsibility in the event of default (so not a commitment to be entered into lightly..).

This is a common dilemma for the self managing part time handyman landlord.Here are few other "easy" ones IMO and in no particular order:ToiletsDrywall repair (small)Jammed garbage disposalsPilot lights and thermocouples.Rubik's cubesSwitches and outlets.Light fixtures and ceiling fans.

Looks like the passive nature of the DST is working for him just fine :)

Update kitchen, remove light box. possibly taking down a dividing wall.

If it puts their client in a bad light they could get in trouble for telling you that.

Good exterior lighting and fake camera help immensely